Fully functional with no impact to noise. I am only using my own ears as the measuring tool but I had 4 other unaltered fans to compare it side by side. The results look odd in the reflection from the camera flash in this picture, but gives you an overall idea how they look when powered. I really do like the results. Now on to the challenge of doing the same to a Noctua.

Hey man that came out really good, nice work. I just finished painting all my fans and I learned a easy trick to stabalize the fan when painting it. Take metal beer bottle cap from a glass bottle and place it on the backside of the fan after you tape it. Its metal so it sticks to the magnet and helps elevate the fan for better coverage. Makes for a good excuse to buy some beer

I used an empty toothpick bottle as a stand. It happened to fit the diameter of the spindle perfectly. I have a better work summary in my noctua thread found here.

Next time, I am going to setup an area that I can work with at waist level. It worked for the sake of getting some experience coloring fans with an alternate product. In the end I realize I've still got a long way to go but these results were well worth it.

TCOC : Yea, I had planned to see how it turned out before moving on to sleeving. As I wasn't sure what impact the dye would have on the flexible cable. It made the cords themselves quite rigid and inflexible. The noctuas arrived already sleeved and those worked much better. Now that I've got the fans dyed, I am going to try my hand at cable sleeving next. A little bit at a time.